A corporation is classified as a personal holding company. Its taxable income is $300,000 and its regular federal income tax liability is $63,000. The company claims a $40,000 dividends-received deduction and pays $30,000 dividends to its shareholders. The personal holding company tax is
A. $62,000.
B. $61,400.
C. $41,400.
D. $49,400.
Answer: D
Business
You might also like to view...
Discuss the five-phase process for an organizational design change.
What will be an ideal response?
Business
In the context of physical distribution, explain the significance of transportation decisions.
What will be an ideal response?
Business
Which tags do not depend on a silicon microchip and use plastic or conductive polymers instead of silicon-based microchips allowing them to be washed or exposed to water without damaging the chip?
A. Semipassive RFID B. Active RFID C. RFID Accelerometer D. Chipless RFID
Business
Unlike hate sites that can cause problems for corporations or lead to lawsuits, fan sites are beneficial and welcomed by the entertainment industry
Indicate whether the statement is true or false
Business